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https://help.tallysolutions.com/docs/te9rel51/Tax_International/Kenya_VAT/Sales_Zero_Rate_Designated_Foreign_Aid.htm

Sales - Zero Rated (Foreign Aid)

Categories which fall under Zero Rated Supplies Part A - Fifth schedule Para 2(Designated foreign aid funded or official aid  funded project) are:

SECTION D

The supply of goods or taxable services to designated foreign aid funded capital investment projects where the agreement specifically provides for tax exemption, provided that the supplies are acquired prior to payment of taxes.

 

To create a voucher for Sales - Zero Rated (Foreign Aid),

Go to Gateway of Tally > Accounting Vouchers > F8: Sales

  1. In Change Voucher Type screen select Not Applicable in Class field.

  2. Enter the Reference in the Ref field if required.

  3. Select the Party’s A/c Name from the List of Ledgers.

  4. Select the Sales Ledger with the VAT/Tax class - Sales - Zero Rated (Foreign Aid).

  5. Select the VAT/Tax Class as Sales - Zero Rated (Foreign Aid) from the List of VAT/Tax Class, if it was not specified while creating ledger

  6. Select the required stock item from the List of Items. Enter the Quantity and Rate. The amount is automatically displayed in the Amount field.

  7. Select the Type of Device, the Device number will be captured automatically. Maximum of 20 characters is allowed for Device No. field.

  8. In Brief Desc for VAT field, enter the brief description of the goods being sold.

  9. Enter the Exemption Certificate No.

  1. Press Y or Enter to accept and save.

Note: The assessable value of sales made using taxable VAT/Tax classification Sales - Zero Rated (Foreign Aid) is captured in box 3 - ZERO RATED Sales (in Value EXCL. VAT) of Form VAT 3.

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